智通财经APP获悉，据报道，微软(MSFT.US)旗下AI 工具"Copilot"的重大更新计划于本月推出，此次更 新将是该公司与哈佛医学院首次展开合作。更新后的"Copilot"版本将从哈佛健康出版单位获取信息，以 回答有关医疗保健方面的提问。该报道还称，微软将向哈佛支付使用费。 微软人工智能部门健康业务副总裁Dominic King拒绝谈论与哈佛大学的合作事宜，但报道称，该公司表 示，Copilot 将会提供比目前所有的信息更贴近用户从医疗从业者那里获取的信息的答案。 King表示："确保人们能够获取到可靠、可信且符合其语言、读写能力等条件的健康信息至关重要。这 其中的一部分工作就是要确保我们从正确的渠道获取这些信息。" King指出，其目的是帮助用户就诸如糖尿病这类复杂的病症做出明智的处理决策。过去，专家曾警告不 要依赖聊天机器人获取医疗建议。斯坦福大学的研究人员在 2024 年开展的一项研究中显示，针对 OpenAI 的 ChatGPT 提出的 382 个医疗问题中，该聊天机器人对其中约 20%的问题给出了"不恰当"的回 答。 哈佛健康出版机构提供的数据中包含了有关心理健康的内容，但该报告指出，微软并 ...

Core Viewpoint - The article emphasizes the rapid development of artificial intelligence (AI) technology, highlighting significant investment opportunities and market trends in AI-related companies [1]. Group 1: AI Companies and Investments - Surge AI is seeking to raise $1 billion at a valuation of $25 billion, with investors including A16Z and Warburg Pincus. The company is expected to generate $1.2 billion in revenue in 2024, surpassing Scale AI [3][9]. - Ambiq Micro, a producer of ultra-low power semiconductors for AI, saw its stock rise over 58% on its IPO debut, opening at $38, up from an IPO price of $24 [3]. - Bank of America raised its target price for AMD from $175 to $200, anticipating significant growth in AI revenue, with expectations that AMD's market share in CPUs will exceed 30% by 2026 [3]. Group 2: OpenAI Developments - OpenAI announced the launch of its first AI data center in Europe, named "Stargate," in Norway, which will deploy 100,000 NVIDIA GPUs by the end of 2026 and will operate entirely on renewable energy [4]. Group 3: Microsoft Financial Performance - Microsoft reported strong financial results, with a stock price increase of 8% post-earnings, reaching over $550. The company's market capitalization stands at $3.81 trillion [5][6]. - In Q4 of fiscal year 2025, Microsoft achieved revenue of $76.4 billion, a 17% year-over-year increase, with its Azure cloud computing segment growing 39% [7].

7月30日（周三），微软超预期的财报表现，让股价盘后大涨8%升至550美元以上。 目前，微软市值3.81万亿美元，如果周四开盘公司股价能延续这一涨势，即便是延续部分涨幅，比如 5%，微软也有望追随英伟达成为全球第二家市值突破4万亿美元的科技巨头。 7月初英伟达创造历史，成为史上首家盘中市值超过4万亿美元的公司。 财报显示，微软2025财年第四财季营收达764亿美元，同比增长17%。公司备受关注的Azure云计算部 门销售额增长39%，大幅超出分析师预期的34%。同时，微软云业务收入首次突破1680亿美元，同比 增长23%。 ⭐星标华尔街见闻，好内容不错过 ⭐ 本文不构成个人投资建议，不代表 平台 观点，市场有风险，投资需谨慎，请独立判断和决策。 觉得好看，请点"在看" ...

Market Overview - The three major U.S. indices showed mixed results, with the Dow Jones down by 171.71 points (0.38%) to 44461.28, the Nasdaq up by 31.38 points (0.15%) to 21129.67, and the S&P 500 down by 7.94 points (0.12%) to 6362.92 [1] - European markets had varied performances, with Germany's DAX30 up by 66.92 points (0.28%) to 24265.20, while the UK's FTSE 100 fell by 1.47 points (0.02%) to 9134.85 [1] Currency and Commodities - The U.S. dollar index rose by 0.94% to 99.814, with the euro and pound both declining against the dollar [2] - Crude oil prices increased, with light crude for September delivery rising by $0.79 to $70.00 per barrel (1.14% increase) and Brent crude up by $0.73 to $73.24 per barrel (1.01% increase) [2] Company News - Meta Platforms projected third-quarter revenue between $47.5 billion and $50.5 billion, exceeding analyst expectations, and increased its capital expenditure forecast for 2025 [8] - Microsoft reported better-than-expected growth in its cloud business, with Azure sales up 39% in the fourth quarter, and announced record spending on AI infrastructure [9] - Qualcomm's third-quarter net profit was $2.666 billion, a 25% year-over-year increase, with revenue of $10.365 billion, also up 10% [10] Analyst Ratings - Bernstein raised Boeing's target price from $282 to $287 [11] - Bank of America lowered Merck's target price from $99 to $98 [11] - Morgan Stanley increased Nvidia's target price from $170 to $200 [11]

Market Overview - The three major U.S. indices showed mixed results, with the Dow Jones down by 171.71 points (0.38%) closing at 44,461.28 points, while the Nasdaq rose by 31.38 points (0.15%) to 21,129.67 points, and the S&P 500 fell by 7.94 points (0.12%) to 6,362.92 points [1] - European markets had varied performances, with Germany's DAX30 up by 66.92 points (0.28%) to 24,265.20 points, while the UK FTSE 100 fell by 1.47 points (0.02%) to 9,134.85 points [1] Currency and Commodities - The U.S. dollar index increased by 0.94% to close at 99.814, with the euro and pound both depreciating against the dollar [2] - Crude oil prices rose, with light crude for September delivery up by $0.79 (1.14%) to $70.00 per barrel, and Brent crude up by $0.73 (1.01%) to $73.24 per barrel [2] Metals - COMEX gold futures fell by 1.72% to $3,266.90 per ounce, and silver futures dropped by 3.01% to $37.135 per ounce [3] - Copper prices experienced a significant drop of 18% due to a new 50% tariff on certain copper imports announced by President Trump, although prices slightly recovered afterward [3] Cryptocurrency - Bitcoin decreased by 0.54% to $117,271.80, while Ethereum fell by 0.93% to $3,759.90 [4] Company News - Meta Platforms provided a strong third-quarter revenue outlook, expecting between $47.5 billion and $50.5 billion, exceeding analyst expectations of $46.2 billion, and increased its capital expenditure forecast for 2025 [8] - Microsoft reported better-than-expected growth in its cloud business, with Azure sales up by 39% in the fourth quarter, and announced record spending on AI infrastructure [9] - Qualcomm's third-quarter net profit rose by 25% to $2.666 billion, with revenue of $10.365 billion, a 10% increase year-over-year [10] Analyst Ratings - Bernstein raised Boeing's target price from $282 to $287, while Bank of America lowered Merck's target price from $99 to $98, and Morgan Stanley increased Nvidia's target price from $170 to $200 [11]

Core Insights - Microsoft's cloud business growth exceeded expectations, with significant investments in AI infrastructure reaching a historical high [1] Group 1: Financial Performance - Azure cloud computing sales increased by 39% in the fourth fiscal quarter [1] - For the year ending June 30, cloud computing sales grew by 34%, surpassing $75 billion, marking the first disclosure of Azure's revenue data [1] - Following the earnings report, Microsoft's stock surged approximately 7% in after-hours trading [1] Group 2: Strategic Initiatives - Microsoft has integrated AI tools into its products, including those powered by OpenAI, focusing on conversational chatbots and enhanced automation technologies [1] - The company anticipates that these AI advancements will drive sales growth in its productivity software and cloud services [1]

Core Points - A Microsoft employee interrupted CEO Satya Nadella's speech at the annual developer conference to protest the company's contract with the Israeli government regarding Azure cloud computing and AI [1] - The employee, Joe Lopez, expressed concerns about Microsoft's complicity in alleged war crimes committed by Israel, urging the company to stop its technological support for Israel [3] Group 1 - The protest occurred during Nadella's keynote speech, where the employee questioned Microsoft's role in harming Palestinians and labeled the company as complicit in genocide [1] - Lopez sent an email to all employees after the incident, stating that Microsoft has the power to demand Israel end its actions and warned that the company's image would suffer due to growing resistance against its perceived complicity [3] - Microsoft released a statement on May 15, claiming that an internal review found no evidence that Azure technology was used to harm civilians in the Gaza conflict, which Lopez disputed, calling it a "big lie" [3]

Group 1 - Microsoft announced a global layoff of 6,000 employees, representing less than 3% of its total workforce, aimed at streamlining management levels [1] - The layoffs will affect various regions and employee levels, including the LinkedIn platform, with approximately 2,000 employees at the Redmond headquarters impacted [1] - Microsoft has a total of 228,000 employees as of June 2024 and has a history of regular layoffs to realign workforce to priority growth areas [1] Group 2 - CEO Satya Nadella indicated that AI has helped the company save on labor costs, with financial executive Bill Duff stating that AI applications in customer support have saved hundreds of millions annually [2] - Microsoft is deploying AI across multiple departments to assist employees in various tasks, including compliance analysis and marketing material creation [2] - Other tech companies, such as Meta and Salesforce, have also announced layoffs this year, with Meta planning to cut about 5% of its workforce based on performance [2]

云计算ETF（159890）跟踪中证云计算与大数据主题指数，主要覆盖50只业务涉及提供云计算服务、大 数据服务以及上述服务相关硬件设备的上市公司，前十大权重股包括科大讯飞、中科曙光、金山办公、 润和软件、新易盛、浪潮信息、中际旭创、紫光股份、恒生电子、润泽科技等，集合A产业链算力与应 用龙头。投资者可借道云计算ETF（159890），布局人工智能主线。 本文源自：金融界 作者：ETF前线 国外方面，近期披露的美股科技巨头财报纷纷超预期，且继续加大AI方面的资本开支，也进一步为科 技成长行情提供催化。Meta2025财年第一财季营收与每股收益均大幅超出市场预期，全年资本开支从 先前的600亿至650亿美元上调至640亿至720亿美元，并表示有信心应对宏观经济不确定性；微软2025财 年第三财季营收、净利润和每股收益全线超预期，主要靠云计算业务强劲增长带动，其Azure云计算部 门的收入增长33%，超过了市场预期的29%。 兴业证券指出，以DeepSeek为代表的科技突破正在引领本轮AI产业逻辑向中下游应用的多元化创新转 变，随着各行业AI渗透率快速提升、更多垂直应用加速落地，从AI到 AI＋的广泛行业都存在着战 ...

投资要点 上周回顾 4月28日-5月2日当周，申万一级行业整体处于涨跌分化态势。其中电子行业上涨 1.79%，位列第6位。估值前三的行业为计算机、国防军工和电子，电子行业市盈率为 52.66。电子行业细分板块比较，4月28日-5月2日当周，电子行业细分板块涨跌分化。其 中，数字芯片设计、半导体材料、其他电子板块涨幅最大。估值方面，模拟芯片设计、 LED、数字芯片设计板块估值水平位列前三，半导体材料、分立器件板块估值排名本周第 四、五位。 华鑫证券近日发布电子行业周报：4月28日-5月2日当周，申万一级行业整体处于涨跌分 化态势。其中电子行业上涨1.79%，位列第6位。估值前三的行业为计算机、国防军工和电 子，电子行业市盈率为52.66。电子行业细分板块比较，4月28日-5月2日当周，电子行业细 分板块涨跌分化。其中，数字芯片设计、半导体材料、其他电子板块涨幅最大。估值方面， 模拟芯片设计、LED、数字芯片设计板块估值水平位列前三，半导体材料、分立器件板块估 值排名本周第四、五位。 以下为研究报告摘要： 微软2025财年Q3财季、亚马逊Meta2025财年Q1财季云计算业务超市场预期，算力旺盛 需求被再次证明 ...